Industry of Machinery and Tractors (commonly abbreviated IMT) is a Serbian company which manufactures and sells tractors and other types of farming machinery. Headquartered in Belgrade, Serbia. In April 2018, IMT was bought by the Indian company TAFE.
History
The IMT factory was founded in 1947 as the Central Foundry. In 1949, a new company, the Metal Institute, was formed by amalgamating the Central Foundry and four other local companies. The Metal Institute became the Industry of Machinery and Tractors (IMT) in 1954. The following year, research was conducted on different types of tractors and the Massey Ferguson licence was chosen.[4]
In 1959, the factory was reconstructed and production capacities for 4,000 tractors a year were built. The factory started production of a tractor of their own design in 1964. In 1988, IMT recorded its largest annual production in history - 42,000 tractors and 35,000 machines.[4]
Between 1990 and 2000, changing economic circumstances led to significant changes in production. A long-term co-operation was established with the